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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33568. (Read 26720873 times)

member
Activity: 84
Merit: 10
supernode
Bye bye bulls, hello bears

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Here come the askwalls
member
Activity: 100
Merit: 10
I got a notification from the app I use to watch bitcoin.
"Bitcoin@mtgox is at $120"


"Wtf?"
hero member
Activity: 518
Merit: 500
hero member
Activity: 504
Merit: 500
i'm so mad at bitstamp right now
sr. member
Activity: 434
Merit: 250
Wow, 5700 BTC on the offer up to 122 USD now.

I feel bearish.
donator
Activity: 668
Merit: 500
Wow, 5700 BTC on the offer up to 122 USD now.
sr. member
Activity: 434
Merit: 250
So, anyone wants to guess where we'll stop?

yeah 120 looks to have been (at least temporarily) the bottom.

Would be a lame crash.  Cheesy

50% retracement before we plunge again?



Ok, not exactly 50%, but close enough  Tongue
hero member
Activity: 504
Merit: 500
newbie
Activity: 56
Merit: 0
lol bears pressure 1500 on 120 then 1000 on 122
member
Activity: 88
Merit: 10
It would be brilliant if whoever put the original wall up was planning on pulling it before it got bought  Cheesy
sr. member
Activity: 434
Merit: 250
hero member
Activity: 504
Merit: 500
so is bitstamp the expensive exchange now?
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
Tempted to put my no touchy fiat in at 120...

Anyone have an explanation for this sell?

Easy:

1) A whale wanted in with no slippage (huge bid wall)

2) Eventually another whale who wanted to take a large, no-slippage profit seized the opportunity

3) The market overreacted to the whale mating as expected (whales prefer to mate with no slippage)

Not a bad explanation indeed sir
legendary
Activity: 1008
Merit: 1000
Tempted to put my no touchy fiat in at 120...

Anyone have an explanation for this sell?

Easy:

1) A whale wanted in with no slippage (huge bid wall)

2) Eventually another whale who wanted to take a large, no-slippage profit seized the opportunity

3) The market overreacted to the whale mating as expected (whales prefer to mate with no slippage)

This actually makes a lot of sense! Thanks.
hero member
Activity: 518
Merit: 500
yeah 120 looks to have been (at least temporarily) the bottom.

who knows
sr. member
Activity: 434
Merit: 250
So, anyone wants to guess where we'll stop?

yeah 120 looks to have been (at least temporarily) the bottom.

Would be a lame crash.  Cheesy

50% retracement before we plunge again?
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
So, anyone wants to guess where we'll stop?

yeah 120 looks to have been (at least temporarily) the bottom.
legendary
Activity: 1792
Merit: 1047
sr. member
Activity: 434
Merit: 250
So, anyone wants to guess where we'll stop?
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